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07:50 Explained: What impacts petroleum prices

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  • 20 UP sugar mills sold electricity worth Rs 214 cr to govt in 2016-17

    21 May, 2018 9:51 AM 50

    Twenty sugar mills, including six from Muzaffarnagar district, sold surplus electricity worth Rs 214 crore to the Uttar Pradesh Power Corporation Limited (UPPCL) in 2016-17, officials said today. Six sugar mills from Khatauli, Titawi, Budhana, Mansurpur, Tikola and Khaikheri areas in Muzaffarnagar accounted for electricity worth Rs 78 crore, District

  • Colgate-Palmolive Q4 PAT up 10% at Rs 188 crore on strong margins; board declares dividend

    21 May, 2018 9:13 AM 55

    Reuters poll of analysts had estimated net profit for March quarter at Rs 182.6 crore. FMCG major, Colgate-Palmolive India Monday reported a 10 percent rise in net profit at Rs 188.8 crore for the fourth quarter ended March 2018. The profit was driven by an improvement in operating margins led by lower advertising costs and soft raw material prices

  • Bhushan Steel's buyout to reduce PSB NPAs by Rs 35,000 crore

    21 May, 2018 7:05 AM 36

    New Delhi: The acquisition of debt-laden Bhushan Steel, under the Insolvency and Bankruptcy Code (IBC) framework, will reduce bad loans of PSBs by Rs 35,000 crore, Financial Services Secretary Rajiv Kumar today said. "IBC transforming credit culture in NewIndia. About Rs 35,000 crore reduction of NPAs of PSBs in Bhushan Steel case. Reduction of NPAs in individual

  • 147 stocks hit fresh all-time highs in May; should you buy now?

    21 May, 2018 5:45 AM 74

    As many as 129 stocks on the BSE hit a fresh all-time lows in May. The Sensex, which slipped nearly a percent in May, failed to close above its crucial support placed at 35,000. It reversed its gains on May 15 after hitting an intermediate top placed near 35,993, but plenty of stocks managed to hit fresh all-time highs on the BSE. The proportion of stocks

  • Buy JK Tyre & Industries, target Rs 156: Dinesh Rohira

    21 May, 2018 5:37 AM 45

    "The scrip is currently facing a resistance at Rs 170 levels and support level at Rs 129. We have a buy recommendation for JK Tyre with target at Rs 156," says Dinesh Rohira, Founder & CEO at 5nance.com. JK Tyre & Industries made a sharp fall from its 52-week high which was registered a few months ago and continued to consolidate near Rs 143 levels

  • Asian markets higher as US, China put trade war on hold

    21 May, 2018 4:55 AM 37

    Asian stock markets were higher on Monday as investors cheered the outcome of negotiations between the United States and China that put a trade war on hold, clearing uncertainty. Japan’s Nikkei 225 rose 0.5% to 23,042.54. Hong Kong’s Hang Seng jumped 1.2% to 31,423.99, while Shanghai Composite Index advanced 0.8% to 3,217.93. South Korea’s Kospi added

  • Talks with Putin will strengthen India's 'special and privileged' strategic partnership with Russia: PM Modi

    20 May, 2018 1:37 PM 406

    The aim of the informal summit is to use the friendship and trust between the two countries to create convergence on key global and regional issues. Prime Minister Narendra Modi today expressed hope that his talks with Russian President Vladimir Putin would further strengthen the "special and privileged" strategic partnership between India and Russia

  • International tribunal to hear Vodafone challenge to Rs.22,100 crore tax in February 2019

    20 May, 2018 6:30 AM 44

    Vodafone has challenged the government’s using a 2012 legislation that gives it powers to retrospectively tax deals like its $11-billion acquisition of 67% stake in Hutchison Whampoa. An international arbitration tribunal will begin hearing British telecom giant Vodafone’s challenge to India using a retrospective legislation to seek Rs.22,100 crore in taxes

  • Tripura governor stands by his K'taka counterpart

    19 May, 2018 3:15 PM 49

    Tripura Governor Tathagata Roy today voiced support to his Karnataka counterpart Vajubhai Vala for inviting B S Yeddyurappa of the BJP to form the government in the southern state, saying he had "acted in his best conscience". Yeddyurappa quit after just three days in office, without facing the floor test in the Assembly today. Asked about his take on Vala's

  • Use of money power not always helpful: Mayawati on BJP govt collapse in Karnataka

    19 May, 2018 2:49 PM 45

    Bahujan Samaj Party chief Mayawati today said the use of money power and state machinery is not always helpful, as she asked the BJP to take lessons from the fall of its government in Karnataka. The former Uttar Pradesh chief minister also said that with the "defeat" in Karnataka, the BJP's "dream" of capturing every state has suffered a setback. "The governors